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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (17657)6/8/2012 10:05:18 AM
From: LLCF1 Recommendation  Read Replies (1) | Respond to of 85487
 
<Little by little, our economy is reducing its debt burden, slowly repairing the damage caused by 10, 20 or 30 years of excess.

If you want to know why economic growth has been so tepid, here’s your answer. Four years after the storm hit, the economy is still deleveraging. And it’s very hard for any economy to grow when everyone is focused on increasing their savings.>

Worth repeating. 30 years of artificially low interest rates. One has to wonder what happens when they finally start moving up.

DAK